The Caravel Group and Fleet Management sign Call to Action for Shipping Decarbonisation

Published 23 Sep 2021

The Caravel Group and Fleet Management have joined alongside more than 150 industry leaders and organisations as signatories to the Call to Action for Shipping Decarbonisation to make zero emission shipping the default choice by 2030 and enable full decarbonization of international shipping by 2050.

Developed by a multi-stakeholder taskforce convened by the Getting to Zero Coalition with members across the entire maritime ecosystem, the Call to Action states: Shipping must align with the Paris Agreement temperature goal and be run entirely on net-zero energy sources by 2050. The signatories to this call to action firmly believe an urgent and equitable decarbonization of the maritime supply chain by 2050 is possible and necessary. The private sector is leading the way and taking concrete actions to make zero emission vessels and fuels the default choice by 2030, and decisive government action and enabling policy frameworks are needed now to reach our 2030 and 2050 ambitions.

As it stands today, ships transport around 80% of global trade and account for about 3% of global greenhouse gas (GHG) emissions. Alongside industry leaders and organisations representing the entire maritime value chain, including shipping, cargo, energy, finance, ports, and infrastructure, The Caravel Group and Fleet Management stand firm behind the Call to Action’s clear message that full decarbonisation of international shipping is urgent and achievable.

“Decarbonisation is at the top of the agenda for the shipping industry, and the response from the private sector side has been increased innovation, R&D, and other investments to facilitate a transition towards sustainable shipping. I think now, more than ever, is the right time to better align our collective ambition with the policy and frameworks that are required from national governments and international regulators to truly make decarbonisation of shipping a reality by 2050,” said Harry Banga, Chairman and CEO of The Caravel Group.

Kishore Rajvanshy, Managing Director of Fleet Management Limited added, “To achieve decarbonisation in shipping requires radical collaboration across every sector of the maritime value chain and that’s exactly what this Call to Action sets out to do. FLEET is proud to be part of a global coalition that is setting an achievable target driven by a clear, industry-led ambition to put us on the path towards a more sustainable and successful future for the entire maritime industry.”

The Call to Action for Shipping Decarbonization has been developed by a multi-stakeholder taskforce convened by the Getting to Zero Coalition – a partnership between the Global Maritime Forum, the World Economic Forum, and Friends of Ocean Action. It will be delivered to world Governments in November 2021, in advance of the next UN Climate Change Conference (UNFCCC COP 26). Learn more about the Call to Action for Shipping Decarbonization and see the full list of Signatories here.